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Reference G8037

Convenience Store in Lewisham For Sale

Convenience Store in Lewisham For Sale
Buy a Convenience Store in Lewisham For Sale Sell a Convenience Store in Lewisham For Sale Convenience Store in Lewisham For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential & commercial area, SE LONDON LEWISHAM

Turnover 12,000
Price 132,000

Features

Self Service Convenience Store, Counter News, Confectionery, Tobacco, Full Free off Licence

We understand the business has been in the same family since 1977 & there are genuine reasons for sale.

SPACIOUS SALES SHOP in the region of 2,000 sq. ft. (including storage area), tiled floor, ceiling with inset lighting. Well equipped including modern shelving, counter, 2 tills with EPOS scanning system, 3-3.75m open cool display units, 2 glass topped chest display deep freezers, display gondolas, in-store bakery, CCTV system with 12 cameras, recording plus monitor. In addition there are 2 key cutting machines which we understand provide an additional income of 3,000/4,000 p.a.

Stockroom
Staff w.c.

Turnover

WE ARE INFORMED the turnover is currently in the region of 12,000 p.w. in our opinion offering tremendous potential for further increase, especially with additional opening hours. Wholesale newsbill 570 p.w. We are further advised that the gross profit is in the region of 21%. The business has a lottery machine & we understand the commission in respect of the sale of on line national lottery tickets plus scratch cards is currently in the region of 160 p.w. The business also has Oyster which we understand provides a further commission of approximately 200 p.w. The business also has Paypoint & Parcel Delivery Agency which we understand provides a further commission of 250 per month. The premises also has an external ATM machine which we understand provides a further revenue of approximately 600 per month. We are further advised that the sales year ending 31st August, 2017 showed 503,852 with a gross profit of 93,128 plus commission received of 32,137 providing a total gross profit of 125,265.

Staff

The business is at present operated by a husband & wife team with the assistance of 1 full time & 1 part time staff.

Trading Hours

Monday - Thursday inclusive - 6.30 a.m. - 8 p.m.
Friday & Saturday - 6.30 a.m. - 9 p.m.
Sunday opeing - 8 a.m. - 5 p.m.

Outside

Parking space for 2 cars

Tenure

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease at a rental of 32,000 p.a. exclusive of rates for the first 3 years with rent review at that time and thereafter every 3 years.

Uniform Business Rates: 11,630 p.a. approx.

AS STATED THE BUSINESS HAS BEEN IN THE SAME FAMILY SINCE 1977 AND THERE ARE GENUINE REASONS FOR SALE

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 132,000 plus STOCK AT VALUATION (35,000/40,000 approx)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 66,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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